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6. XYZ Corporation is considering sources of short-term financing. Find the equivalent annualized rate for each alternative listed below. (5 points) a) Forgo cash discounts

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6. XYZ Corporation is considering sources of short-term financing. Find the equivalent annualized rate for each alternative listed below. (5 points) a) Forgo cash discounts from suppliers on terms of 2.8/15, net 40. b) Issue a bankers' acceptance at a price of 99.2 which will mature at 100 in 72 days

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